Download GOLDCORP INC.

GOLDCORP INC.
NEWS RELEASE
US$144 MILLION FINANCING CLOSED
ONE OF STRONGEST BALANCE SHEETS IN THE GOLD INDUSTRY
Toronto, April 30, 2002 – GOLDCORP INC. (GG: NYSE;G: TSE) is pleased to announce
the closing of its previously announced equity financing, which was completed as a bought deal
by a syndicate of underwriters led by Griffiths McBurney and Partners. This offering consisted
of the sale of eight (8) million units at a price of US$18 per unit for gross proceeds of US$144
million. The initial offering size of five (5) million units was expanded through the exercise of
the underwriters’ option to increase the number of units by an additional three (3) million units.
Each unit comprises one share and one half share purchase warrant. One full share purchase
warrant entitles the holder to purchase one Goldcorp share for US$25 up until April 30, 2007.
Net proceeds of this equity financing will increase Goldcorp’s cash balance to more than
US$225 million providing one of the strongest balance sheets in the gold industry. It will
enhance the company’s competitive position within the industry placing it in an extremely
favourable position to capitalize on future growth opportunities.
Goldcorp is a North American based gold producer. It has a strong cash flow and no debt. Upon
closing this offering, it will have in excess of US$225 million in cash and US$15 million in gold
bullion. Its shares are listed on the Toronto Stock Exchange (TSE) and the New York Stock
Exchange (NYSE) and its options trade on the American Stock Exchange (AMEX) and the
Chicago Board of Options Exchange (CBOE). The warrants will trade on the Toronto Stock
Exchange under the symbol “G.WT.U.” in US dollars.
The securities offered have not been registered under the U.S. Securities Act of 1933, as
amended, and may not be offered or sold in the United States absent registration or
applicable exemption from the registration requirements. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of
the securities in any State in which such offer, solicitation or sale would be unlawful.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN
THE UNITED STATES.
For further information please contact:
Chris Bradbrook
Vice President, Corporate Development
Telephone: (416) 865-0326
Facsimile: (416) 361-5741
E-mail: [email protected]
General enquiries: (800) 813-1412
(Canada and United States)
Corporate Office:
Goldcorp Inc.
145 King St. West, Suite 2700
Toronto, Ontario
Canada M5H 1J8
email: [email protected]
website:www.goldcorp.com